Individual and Foreign Investors' 'Fate'... KOSPI Starts Rising, Slightly Weak in Early Trading

KOSDAQ Rises Early in Session Backed by Institutional Buying Pressure

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is sluggish in the early session due to selling pressure from individual investors and foreigners. On the other hand, the KOSDAQ is on the rise, supported by institutional buying.

On the 28th, the KOSPI opened at 3,006.77, up 0.24% (7.22 points) from the previous day. However, it turned downward after 9:07 a.m. and fell below the 3,000 mark again. It even dropped to 2,991.55 at 9:21 a.m.

Selling pressure from individual investors and foreigners is relatively strong. Individuals and foreigners net sold 16.3 billion KRW and 5 billion KRW, respectively. Institutions net bought 19.4 billion KRW.

Most sectors declined. The transportation equipment sector had the largest drop of 0.78%, followed by transportation and warehousing (-0.60%), electrical and electronics (-0.40%), chemicals (-0.39%), and insurance (-0.37%). On the upside were electric and gas utilities (5.43%), medical precision instruments (1.11%), paper and wood (0.56%), machinery (0.34%), and textiles and apparel (0.03%).

Almost all of the top 10 market capitalization stocks fell. Kia had the largest decline of 0.83%, followed by Hyundai Motor (-0.47%), SK Hynix (-0.40%), NAVER (-0.39%), Samsung Electronics (-0.37%), Samsung SDI (-0.31%), and LG Chem (-0.16%). Celltrion (0.49%) and Kakao (0.44%) rose. Samsung Biologics remained flat.

The KOSDAQ opened at 1,016.29, up 0.49% (4.93 points) from the previous day. It even rose to 1,017.94 at 9:04 a.m.

Institutional buying led to the index's rise. Institutions net bought 62.7 billion KRW. Individuals and foreigners net sold 54.2 billion KRW and 6.4 billion KRW, respectively.

Almost all sectors rose. The telecommunications equipment sector had the largest gain of 1.16%, followed by paper and wood (1.00%), general electrical and electronics (0.79%), finance (0.77%), IT components (0.69%), and IT hardware (0.60%). On the downside were transportation (-0.43%), construction (-0.41%), textiles and apparel (-0.38%), machinery and equipment (-0.26%), and telecommunications services (-0.22%).

All stocks except Pearl Abyss rose. L&F had the largest gain of 2.51%, followed by Chunbo (2.48%), EcoPro BM (1.33%), Wemade (1.05%), Seegene (0.82%), Kakao Games (0.65%), Celltrion Healthcare (0.59%), HLB (0.46%), and Celltrion Pharm (0.22%). Pearl Abyss remained flat.

This content was produced with the assistance of AI translation services.